Dreyfus sees larger Brazil shift to ethanol, warns of sugar shortage
Global commodities trader Louis Dreyfus projected on Wednesday that Brazilian mills will divert a larger-than-expected amount of sugarcane to ethanol production due to high energy prices, causing a reduction in global sugar supplies.
It is reported by Reuters.
Dreyfus sugar director Enrico Biancheri said during the Citi ISO Datagro sugar conference in New York that Brazil's center-south (CS) mills would produce only 29 mill...